UnitedHealth beats bottom-line estimates; updates FY24 outlook
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2 months ago
- UnitedHealth press release (NYSE:UNH): Q2 Non-GAAP EPS of $6.80 beats by $0.17.
- Revenue of $98.9B (+6.4% Y/Y) in-line.
- Cash flows from operations from the second quarter of 2024 were $6.7 billion, or 1.5 times net income.
- Outlook: The company updated its full year 2024 net earnings outlook to $15.95 to $16.40 per share to reflect the classification to held for sale of its remaining South America operations and the estimated Change Healthcare cyberattack impacts. The company completed the sale of its larger Brazilian operations in the first quarter of 2024.
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The company affirmed the adjusted net earnings outlook of $27.50 to $28.00 per share established at its November 2023 Investor Conference, vs. the consensus of $27.69.